Scapegoats
Legitimate compensation or an illegal referral fee (kickback) – really two existentially different, and diametrically opposed concepts! – each claims reference to the yield spread premium (YSP). An entire class of financial institutions serving the consumer is being held up to public opprobrium over the legal practice of receiving YSPs from a lender [...]

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 Posted by: Jonathan Foxx
From CAMELS to CORE™
     For thirty years, a supervisory risk rating has been used by federal regulators to evaluate the overall condition of the country’s banks. The Uniform Financial Institutions Rating System (UFIRS), adopted by the Federal Financial Institutions Examination Council (FFIEC) on November 13, 1979, set forth the rating [...]

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